The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARMOUR RESIDENTIAL REIT INC COM 042315101 63 15,064 SH   SOLE NONE 0 0 15,064
AUTOMATIC DATA PROCESSING COM 053015103 1,114 15,391 SH   SOLE NONE 0 0 15,391
AVID TECHNOLOGY, INC. COM 05367P100 212 35,388 SH   SOLE NONE 0 0 35,388
BANK OF MONTREAL COM 063671101 1,113 16,651 SH   SOLE NONE 0 0 16,651
BAXTER INTERNATIONAL INC. COM 071813109 965 14,695 SH   SOLE NONE 0 0 14,695
CSX CORP COM 126408103 549 21,317 SH   SOLE NONE 0 0 21,317
CYS INVESTMENTS INC COM 12673A108 158 19,489 SH   SOLE NONE 0 0 19,489
CHEVRON CORP COM 166764100 1,050 8,643 SH   SOLE NONE 0 0 8,643
ECA MARCELLUS TRUST I COM 26827L109 143 15,302 SH   SOLE NONE 0 0 15,302
EMERSON ELECTRIC CO. COM 291011104 1,154 17,835 SH   SOLE NONE 0 0 17,835
FIRST TRUST NYSE ARCA BIOTECH COM 33733E203 598 9,225 SH   SOLE NONE 0 0 9,225
FIRST TRUST DOW JONES INTERNET COM 33733E302 611 11,368 SH   SOLE NONE 0 0 11,368
FIRST TRUST CONSUMER DISC ALPH COM 33734X101 611 20,619 SH   SOLE NONE 0 0 20,619
FIRST TRUST CONSUMER STAPLES A COM 33734X119 610 18,553 SH   SOLE NONE 0 0 18,553
FIRST TRUST HEALTH CARE ALPHAD COM 33734X143 610 14,088 SH   SOLE NONE 0 0 14,088
GLAXOSMITHKLINE PLC ADR COM 37733W105 1,061 21,158 SH   SOLE NONE 0 0 21,158
INVACARE CORPORATION COM 461203101 232 13,406 SH   SOLE NONE 0 0 13,406
ISHARES GLOBAL HIGH YIELD CORP COM 464286178 2,686 51,061 SH   SOLE NONE 5,816 0 45,245
ISHARES MSCI EMU INDEX COM 464286608 32,961 873,609 SH   SOLE NONE 458,696 0 414,913
ISHARES MSCI SWITZERLAND CAPPE COM 464286749 274 8,752 SH   SOLE NONE 0 0 8,752
ISHARES MSCI SWEDEN INDEX COM 464286756 272 7,944 SH   SOLE NONE 0 0 7,944
ISHARES MSCI GERMANY INDEX COM 464286806 284 10,219 SH   SOLE NONE 0 0 10,219
ISHARES MSCI NETHERLANDS INVST COM 464286814 280 11,757 SH   SOLE NONE 0 0 11,757
ISHARES CORE SP 500 ETF COM 464287200 53,853 318,848 SH   SOLE NONE 308,525 0 10,323
ISHARES CORE TOTAL US BOND MAR COM 464287226 17,761 165,682 SH   SOLE NONE 17,230 0 148,452
ISHARES SP 500 VALUE INDEX COM 464287408 458 5,843 SH   SOLE NONE 0 0 5,843
ISHARES BARCLAYS 7-10 YEAR TRE COM 464287440 5,512 53,979 SH   SOLE NONE 6,061 0 47,918
ISHARES BARCLAYS 1-3 YEAR TREA COM 464287457 375 4,444 SH   SOLE NONE 0 0 4,444
ISHARES RUSSELL MIDCAP VALUE I COM 464287473 205 3,372 SH   SOLE NONE 0 0 3,372
ISHARES RUSSELL MIDCAP INDEX COM 464287499 1,216 8,741 SH   SOLE NONE 0 0 8,741
ISHARES CORE SP MID-CAP ETF COM 464287507 714 5,753 SH   SOLE NONE 0 0 5,753
ISHARES RUSSELL 1000 VALUE IND COM 464287598 3,305 38,340 SH   SOLE NONE 0 0 38,340
ISHARES RUSSELL 1000 GROWTH IN COM 464287614 3,414 43,653 SH   SOLE NONE 0 0 43,653
ISHARES RUSSELL 2000 INDEX COM 464287655 281 2,639 SH   SOLE NONE 0 0 2,639
ISHARES DOW JONES U.S. INDEX COM 464287846 270 3,172 SH   SOLE NONE 0 0 3,172
ISHARES MSCI ALL COUNTRY ASIA COM 464288182 32,053 549,976 SH   SOLE NONE 294,075 0 255,901
ISHARES SP NATIONAL AMT-FREE M COM 464288414 469 4,487 SH   SOLE NONE 0 0 4,487
ISHARES BARCLAYS 3-7 YEAR TREA COM 464288661 5,484 45,197 SH   SOLE NONE 5,085 0 40,112
ELI LILLY AND COMPANY COM 532457108 978 19,439 SH   SOLE NONE 0 0 19,439
MCDERMOTT INTERNATIONAL INC COM 580037109 208 28,046 SH   SOLE NONE 0 0 28,046
NATUS MEDICAL, INC. COM 639050103 237 16,708 SH   SOLE NONE 0 0 16,708
NORFOLK SOUTHERN CORPORATION COM 655844108 530 6,848 SH   SOLE NONE 0 0 6,848
PEPSICO INC COM 713448108 1,036 13,030 SH   SOLE NONE 0 0 13,030
POWERSHARES SENIOR LOAN PORT COM 73936Q769 5,534 224,244 SH   SOLE NONE 24,814 0 199,430
POWERSHARES INTERNATIONAL CORP COM 73936Q835 481 16,453 SH   SOLE NONE 0 0 16,453
PRAXAIR, INC. COM 74005P104 1,076 8,954 SH   SOLE NONE 0 0 8,954
PROSHARES ULTRASHORT 20+ YEAR COM 74347B201 320 4,257 SH   SOLE NONE 0 0 4,257
RUDOLPH TECHNOLOGIES, INC. COM 781270103 212 18,615 SH   SOLE NONE 0 0 18,615
SPDR SP 500 COM 78462F103 157,913 939,905 SH   SOLE NONE 358,184 0 581,721
SPDR BARCLAYS INTERNATIONAL CO COM 78464A151 10,441 289,234 SH   SOLE NONE 34,082 0 255,152
SPDR BARCLAYS CAPITAL EM LOCAL COM 78464A391 8,052 266,374 SH   SOLE NONE 30,137 0 236,237
SPDR DOW JONES INDUSTRIAL AVER COM 78467X109 249 1,646 SH   SOLE NONE 0 0 1,646
SANDRIDGE MISSISSIPPIAN TRUST COM 80007T101 140 10,622 SH   SOLE NONE 0 0 10,622
SILICON IMAGE, INC. COM 82705T102 96 17,925 SH   SOLE NONE 0 0 17,925
TAIWAN SEMICONDUCTOR MANUFACTU COM 874039100 977 57,610 SH   SOLE NONE 0 0 57,610
TARGET CORP COM 87612E106 987 15,422 SH   SOLE NONE 0 0 15,422
VALLEY NATIONAL BANCORP COM 919794107 106 10,687 SH   SOLE NONE 0 0 10,687
VANGUARD FTSE EMERGING MARKETS COM 922042858 47,501 1,183,687 SH   SOLE NONE 635,137 0 548,550
ISHARES IBOXX $ INVEST GRADE C COM 464287242 261 2,295 SH   DFND 1 0 0 2,295
ISHARES MSCI EAFE INDEX COM 464287465 3,528 55,291 SH   DFND 1 0 0 55,291
ISHARES RUSSELL 1000 GROWTH IN COM 464287614 1,771 22,646 SH   DFND 1 0 0 22,646
PIMCO TOTAL RETURN ETF COM 72201R775 1,606 15,174 SH   DFND 1 0 0 15,174
POWERSHARES DB COMMODITY INDEX COM 73935S105 415 16,113 SH   DFND 1 0 0 16,113
POWERSHARES DB ENERGY COM 73936B101 429 15,218 SH   DFND 1 0 0 15,218
POWERSHARES SENIOR LOAN PORT COM 73936Q769 452 18,331 SH   DFND 1 0 0 18,331
POWERSHARES INTERNATIONAL CORP COM 73936Q835 270 9,228 SH   DFND 1 0 0 9,228
SPDR SP 500 COM 78462F103 2,555 15,206 SH   DFND 1 0 0 15,206
SPDR BARCLAYS HIGH YIELD BOND COM 78464A417 232 5,820 SH   DFND 1 0 0 5,820
SCHWAB U.S. DIVIDEND EQUITY ET COM 808524797 2,481 73,737 SH   DFND 1 0 0 73,737
VANGUARD SHORT-TERM BOND ETF COM 921937827 1,016 12,636 SH   DFND 1 0 0 12,636
VANGUARD FTSE EMERGING MARKETS COM 922042858 1,705 42,485 SH   DFND 1 0 0 42,485
VANGUARD MID-CAP ETF COM 922908629 1,424 13,892 SH   DFND 1 0 0 13,892
VANGUARD VALUE ETF COM 922908744 2,017 28,901 SH   DFND 1 0 0 28,901
VANGUARD SMALL CAP ETF COM 922908751 911 8,893 SH   DFND 1 0 0 8,893
WISDOMTREE EMERGING MARKETS LO COM 97717X867 841 17,868 SH   DFND 1 0 0 17,868